Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
you can call me anything you want...just don't call me early in the morning
AD PM
Oil had another bad day to add to bad weeks and a bad month, May saw WTI down 16% and Brent 14%. The recent weakness is mainly linked to recent trade worries after President Trump took on Mexico at the end of last week to add to the battles on other fronts. This has led to investors going almost totally risk-off with the exception of gold perhaps. Oil also suffered as inventories in the US were again worse than expected, with lower supplies from Opec+ they should be drawing by now.
But the physical signs actually bode much better for oil, despite the modest increase by the Saudis recently they, and other members are on or below quota levels which can only see stocks draw as call on Opec oil exceeds production during this and next quarter. Brent expired on Friday with a decent backwardation indicating that the market is not awash with oil, in this sort of market a rally could be quite a squeeze…
so " mechanical reasons " is code for cock up . The cost of that corner cutting must be astronomical....thankfully not from our purse....would it have been a calculated risk or just a complete disregard of protocol?
ok so I get the " mechanical reasons " bit but were they not going to sidetrack anyway.... sorry non-oiler talking here .
poo rallying
cough
go steady AD
speaking of camels our local one was AWOL last time I drove past , just a big pile of hay......hope its not snuffed it .....back in uk for 2 weeks now ( me not the camel )
my other oiler up 3.33 % on no news ? Us down 3.33% ....go figure. Thats why I don't like spikes .....
absolutely......Ive been self absorbed recently and not been as thoughtful as I should . Hope all going to plan HTL .
Agree Sipp , it's brill apart from those 67 points . Seriously though , my brief encounter with it left me feeling that some information was more clicks away . Yes keep existing format but make it more robust !
AD : PM
Que sera sera ............as Doris would say , God rest her soul.
paypal 16 May 2019 07:55:47 BST
Transaction ID: 0T0743762X893153D
Cheers and well done Soolsker ....
it's called being human and interacting with each other....also the donating of money to a fantastic cause as the result of a fun competition. OT normally reserved for weekends but this is an exception.
well done Soolsker.......I'll donate tomorrow as having consumed some rather lovely Chardonnay on this wonderful French evening Im just as likely to send the money to Battersea Dogs Home by mistake.....promise tomorrow mate !
cheers FL , brilliant !
RNS Number : 7432Y
Hurricane Energy PLC
13 May 2019
13 May 2019
Hurricane Energy plc
("Hurricane" or the "Company")
Operational Update:
Introduction of Hydrocarbons to Aoka Mizu FPSO
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operational update in relation to the Early Production System development of the Lancaster field ("Lancaster EPS").
On 11 May 2019 hydrocarbons were introduced into the Aoka Mizu FPSO's process system. Introduction of hydrocarbons is the final stage of the FPSO's commissioning and marks the commencement of the Lancaster EPS start-up phase. During this phase, each of the two production wells will be individually tested and shut-in for data gathering purposes. Cleaning and testing (pigging) of the flowlines for flow assurance purposes will also take place during these shut-ins. The start-up phase will conclude with simultaneous flow from both wells for 72 consecutive hours, after which a further announcement of 'First Oil' will be made.
Contacts:
Hurricane Energy plc
Dr Robert Trice, Chief Executive Officer
Alistair Stobie, Chief Financial Officer
+44 (0)1483 862 820
Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart / Nicholas Rhodes / Ashton Clanfield
+44 (0)20 7710 7600
Morgan Stanley & Co. International plc
Joint Corporate Broker
Andrew Foster / Tom Perry / Alex Smart
+44 (0)20 7425 8000
Vigo Communications
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigocomms.com
+44 (0)20 7390 0230
About Hurricane
Hurricane was established to discover, appraise and develop hydrocarbon resources associated with naturally fractured basement reservoirs. The Company's acreage is concentrated on the Rona Ridge, in the West of Shetland region of the UK Continental Shelf.
The Lancaster field (100%) is Hurricane's most appraised asset, with five wells drilled by the Company to date. It has 2P reserves and 2C contingent resources of 523 million stock tank barrels of oil. The Company is currently proceeding towards the first phase of development of Lancaster, an Early Production System which will be the UK's first basement field development. It involves a two well tie-back to the Aoka Mizu FPSO and is expected to initially produce 17,000 barrels of oil per day (gross production of 20,000 bopd with assumed operating efficiency of 85% following ramp-up). First oil is targeted for 1H 2019.
Hurricane's other assets include Lincoln (50%), Warwick (50%), Halifax (100%), Whirlwind (100%), and Strathmore (100%). Together with Lancaster, these assets have total combined 2P reserves and 2C contingent resources of 2.6 billion barrels of oil equivalent (2.3 billion barrels of oil equivalent net to Hurricane).
In September 2018, Spirit Energ
Hi Feelinlucky. Kind of you to ask .....yes out of hospital after 12 days . Convalescing at a friend's home in the Correze dosed up with all sorts. Cheers. Snail